Home Blogs Category: Tax and Life Changes

Category: Tax and Life Changes

Life changes and your taxes go hand in hand; believe it or not. That being said, it’s easy to forget about your tax return as a newlywed or when you’re welcoming a newborn into the family. Be aware that many of these changes also make you eligible for deductions and credits on your tax return. In some cases, you may need to update your W-4 form as well. PriorTax will keep you up to date on what to do when these life changes occur. You won’t be left in the dark.

Check back here for answers to your questions about how these changes affect your taxes.

 

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Child Tax Credit in 2025

Dependents and Child Tax Credit and Benefits in 2025

Tax benefits and child tax credit in 2025 have the potential to lessen or completely eliminate your tax obligations greatly.

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Summer Tax Deduction

Summer Tax Deduction from Child Care and Child Activities during Summer Break

Intelligent tax deductions can help through flexible spending accounts and dependent care credits from summary time for Summer Tax Deduction

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Tax Deduct My Summer Moving Expenses?

Tax deduct your moving expenses associated, such as fuel, packing supplies, moving services, and insurance, etc.

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Recovery Rebate Tax Credit

RRC Recovery Rebate Tax Credit for a Limited Time Only

May 17th, 2024, is the last day to claim your 2020 Recovery Rebate Tax Credit

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missed tax

What to do When I Missed the Tax Deadline

Consider these approaches to complete your tax return and receive your refund promptly if you have missed your tax deadline.

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What to Consider For Tax Filing Extension in 2024?

Should you require additional time for tax preparation, consider utilizing PriorTax Free request for tax extension or complete and submit Tax Form

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2024 tax

2024 Tax on Digital Assets and Digital Transactions using Venmo and Crypto

Another year has come around, bringing with it the annual task of navigating the intricacies of the tax code. Once again, we are faced with the complexity of 2024 tax rules as we explore benefits such as tax breaks for electric vehicles, workarounds for SALT deductions, incentives for retirees, and a fresh filing system for eligible taxpayers.

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crypto taxes 2024

Types of Crypto Taxes in 2024

Exploring the various crypto transactions and crypto taxes consequences is essential for individuals navigating the world of cryptocurrency. This analysis centers on the tax implications of crypto activities in the United States

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venmo tax

New IRS rules for Venmo Tax for the 2023 tax filing in 2024

You rely on Venmo to handle transactions. Are your earnings from such ventures receiving increased scrutiny from the IRS Venmo tax this year? No. At present, there have been no changes on Venmo taxes.

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Standard Tax Deduction

Itemized vs. Standard Tax Deduction calculator

Explore our tool that contrasts the Standard Tax Deduction and Itemized Tax Deductions. In just a short amount of time

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